Transcontinental (TCL.A) Price Target Lowered to C$21.00 at National Bank Financial

Transcontinental (TSE:TCL.A) had its price objective reduced by equities research analysts at National Bank Financial from C$22.00 to C$21.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 40.37% from the company’s current price.

A number of other research analysts also recently weighed in on TCL.A. Canaccord Genuity cut their price target on Transcontinental from C$28.00 to C$27.00 in a research note on Friday, March 1st. Royal Bank of Canada cut their price target on Transcontinental from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Finally, TD Securities cut their price target on Transcontinental from C$29.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Transcontinental presently has a consensus rating of “Buy” and an average target price of C$26.38.

Shares of TCL.A stock traded down C$0.03 during trading hours on Tuesday, reaching C$14.96. The company had a trading volume of 179,336 shares, compared to its average volume of 140,806. The company has a quick ratio of 0.85, a current ratio of 1.32 and a debt-to-equity ratio of 89.41. The company has a market cap of $1.09 billion and a P/E ratio of 5.80. Transcontinental has a 1-year low of C$23.27 and a 1-year high of C$31.95.

About Transcontinental

Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

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Analyst Recommendations for Transcontinental (TSE:TCL.A)

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